Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Are there specific neighborhoods that you have found that fit the criteria with a decent tenant pool?

The Orlando area also has some interesting properties with accessory dwelling units (ADU) such as guest house, pool house, separate in-law suite etc...   

The idea is for my sister and I to combine all three properties revenue, risk and maintenance in one LLC and pool the money to buy out the siblings AND keep separate deed/titles to our individual properties to do with as we wish after the 5 year buyout.   

That will reduce your pool significantly. 

Does landlord or tenant maintain the pool? 

When you go to sell, selling a downtown condo is possible of course but takes longer because it appeals to a smaller buyer pool than most other types of residential real estate.

If you are big enough the BEST screening tool is finddigs but they won't talk  to you unless you are 500 doors OR are in an org that you can pool your doors and get in.   

Each class has different tenant pools, appreciation, turnover rates, etc.

They tend to work in more established neighbourhoods that are safer with a good, reliable tenant pool and they are a newer management group that is younger and well connected to the area today, using a lot of the latest technology to assess opportunities.